Question

8500 amount to 15 385 at the interest rate of 9% per annum find the time​

Answer 1

A=P(1+r/100)^n

15385=8500(1+9/100)^n

15385/8500=(109/100)^n

1.81=(1.09)^n

Taking log

log1.81=log(1.09)^n

0.257=nlog(1.09)

0.2576=n*0.0374

n=0.2576/0.0374

n=6.88 years

Answer 2

Hey mate!!!!

Here is your solution........